Spanish real estate set for a prosperous year
Almost 90% of large scale investors claim to have their sights set on Spanish real estate this year, with 38% of investors looking specifically at the residential property market.
A new survey, conducted with both UK and Spanish based property investors has highlighted that 9 out of 10 landlords are considering investing in Spanish property to increase the size of their current portfolios. Of the 100 investors who were surveyed, 47% of them claimed to have a budget of €100m set aside for their investments. 31% of those surveyed have planned to invest in land to develop their own properties – a huge step for the Spanish property market.
The news follows on from a recent CBRE report which has found Spain to be the third most popular investment market for property in Europe. It’s a positive step for the Spanish market to see investors flooding back after falling on difficult times during the economic crisis. As research into the market continues, it’s clear to see both healthy growth and a demand for property, not just from native residents, but internationally.
Comments from Sequre
Graham Davidson, managing director of Sequre International, comments on the growing number of investors in Spain:
“These statistics are a far cry from where the Spanish market was just a few years ago. Numerous aspects had caused a fair amount of uncertainty for those buying a property in Spain. Now, faith has been fully restored and buyers and investors from all over Europe are keen to purchase property while prices are still relatively low and now that buyers benefit from added protection from the Spanish authorities.”
“As demand continues to grow, Spain will benefit from a great deal of future investment prospects. Greater opportunities will present themselves which will result in increased wealth for the country. Higher construction levels will also result in more properties entering the market. Areas such as the Costa Blanca, Costa del Sol and Costa Calida are already rife with tourism so it is likely these are the areas that will be seeing the biggest effects when it comes to buyer activity.”
Spanish property is more in demand than ever. If you need help finding your dream home in the sun, contact Sequre today. We have access to over 11,000 properties, many at discounted rates that aren’t available on the general market. We also offer subsidised viewing trips for our client’s to give them the opportunity to visit specific locations of interest and meet with Spanish solicitors and mortgage brokers. To find out more, call us on 0800 011 2639.